Refer to the Following Figure When Answering the Following Questions

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 16.5: U.S. Household Net Worth
-Based on Figure 16.5, consumption ________ between roughly 2004 and 2007, which was likely due
To ________.

A) rose; a rise in precautionary savings
B) fell; worries about inflation
C) fell; a decline in interest rates
D) rose; the rise in wealth
E) was unchanged; consumption smoothing